Receipt No 15 - Purchase Release No 21-5

a) No Accounting Entries- Till we save taxes and pass accounting entries.

b) Accounting entries will be generated after saying Yes to the below screen

c)

Till we claim VAT it will stay in VAT Interim Account

d) CENVAT claim Process

e) After CENVat Claim

f)

VAT Claim Process

g) After VAT Claim Interim Recovery will move to recovery Account

h) Pay On Receipt ERS Invoice will get generated

Run India - To insert taxes for Pay On Receipt to add taxes to distribution.
i)

AP Invoice in Account Payable ( You can see the Taxes inserted per Receipt )

j)

Generate RTV

k) See the Excise Invoice from System

l)

Check System create Debit memo with Taxes in AP invoice

m) Accounting Entries After RTV transaction for same receipt No